Most Asian equities flashed red on Tuesday, pressured by losses in Chinese shares as investors evaluated China’s re-opening story in the face of negative economic and geopolitical forces.

The next few days promise to be volatile for the S&P 500 thanks to fundamental and technical forces. After bouncing within a range for the past two weeks, the index could be waiting for a fresh catalyst to trigger a major bullish or bearish breakout.

The countdown begins for the heavily anticipated U.S inflation that data that may impact the Fed's monetary policy path. Most Asian stocks struggled for direction on Wednesday, while European and US equity futures are both pointing to a mixed open in what feels like the calm before a potential storm!

European shares were painted green on Tuesday even as oil prices extended gains following the unexpected production cuts from OPEC+ on Sunday.